And JB remains unscathed, again
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It's DS's way of getting one final F-you in before his departure. His hiring over five years ago was a huge mistake. Now everyone else will pay for it.
That's my understanding
I’m assuming everyone in finance is asked to relocate to TX that reside under him??
Insanity the dividends they've been paying for years. Insanity. No forethought at all. Set a precedent they can't maintain. And all the debt. JBs fault. Mr "debt is good it increases our enterprise value". Same reason he doesn't want to hold cash. SMH. You wouldn't run your home that way.
@dom+1p9MH9Um, there are a few ways for us to scrounge up some money for the dividend..... cancel raises and bonuses. cancel the purple stock award, reduce RSU's, lay people off..... the possibilities are endless.
ROFL
LN just left a puddle behind.
Hopefully the market will crash even more. I don't get how they can still pay out the dividend when they had losses all across the board. Every area is showing a loss. They are paying more in dividends this quarter than they have revenue. Are they borrowing to pay them or robbing peter to feed paul?
A CFO, COO, and an SVP for network all leaving, or left, is NOT a good sign of a stable organization.
I'm sure we will see some fake EMT crocodile tears on tomorrow afternoons call. We are so sad to see DS move on to pursue other opportunities outside of CC. We will miss you.
Let's see what kind of show they put on tomorrow for the earnings call and us. Can't wait.